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MBA 706 - Module 3 Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution £6.57   Add to cart

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MBA 706 - Module 3 Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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MBA 706 - Module 3 Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 23, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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MBA 706 - Module 3 Exam


Product - ANSWER-_______ is the most essential decision in the 4Ps because it
is what the consumer is receiving in the exchange.

Intangibility - ANSWER-The extent to which you have something concrete

Experience Marketing - ANSWER-Consumers ar buying the experience

broadly - ANSWER-Define competition ___________

Product Mix - ANSWER-A company's product lines

Breadth - ANSWER-Number of product lines. For example, Frigidaire sells
refrigerators, washers, dryers, ranges, etc.

Depth - ANSWER-Number of products in a line. For example, Frigidaire
refrigerators have different sizes and features.

More, Less - ANSWER-The more general the product line (i.e. Walmart, Target),
the ______ breadth and ______ depth.

Less, More - ANSWER-The more niche the product line (i.e. ice cream shop), the
______ breadth and ______ depth.

Search Qualities - ANSWER-Qualities that may be evaluated prior to purchase.

Experience Qualities - ANSWER-Qualities that need trial/consumption before
evaluation.

Credence Qualities - ANSWER-Qualities that are difficult to judge even
post-consumption.

, Search and Experience - ANSWER-Goods are dominated by ____ and _____
qualities

Experience and Credence - ANSWER-Services are dominated by ____ and ____
qualities

Perishability - ANSWER-Services are simultaneously produced and consumed,
thus services cannot be stored, goods can; services cannot be serpeated from
the provider, goods can.

Variability - ANSWER-Goods are made by machines; services are usually people
intensive. Servives change across customers and across time.

Core - ANSWER-______ is essential to the product offering.

Value-Added - ANSWER-______ is supplemental to the product offering.

Value-Added - ANSWER-Markets can compete/differentiate on __________
aspects of a product.

Services - ANSWER-___________ are relatively more intangible, inseparable,
perishable, and variable

Core - ANSWER-_________ defines the company to its target segments

Value-Added - ANSWER-_________ enhances customer satisfaction

Market offering - ANSWER-A firm's __________ is comprised of the core and
value-addeds.

Brand - ANSWER-Name of a specific product; portfolio of qualities associate with
a name; invokes images in consumers' minds

Product shape, logos, jingles, spokespeople - ANSWER-What are ways that
marketers can control some brand associations?

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